Key Takeaways
- The approval permits BitGo Europe, based in Frankfurt, to provide OTC and electronic trading for a range of cryptocurrencies and stablecoins
- With the expanded license, institutions will be able to trade digital assets directly through BitGo’s regulated platform.
Leading crypto custody provider BitGo has received regulatory approval in Germany to expand into digital asset trading. The company said on Wednesday that Germany’s Federal Financial Supervisory Authority (BaFin) granted an extension of its license, allowing it to offer additional crypto services to European investors.
The approval permits BitGo Europe, based in Frankfurt, to provide over-the-counter (OTC) and electronic trading for a range of cryptocurrencies and stablecoins. The authorization extends the Markets in Crypto-Assets (MiCA) license that BitGo obtained in May 2025, which covered custody, staking, and transfers.
With the expanded license, institutions will be able to trade digital assets directly through BitGo’s regulated platform. Liquidity will be provided by market makers and exchanges, while assets remain held in MiCA-compliant cold storage.
“Institutions need deep liquidity and reliable execution, but they also need the assurance of regulatory oversight,” said Brett Reeves, head of European sales at BitGo.
BitGo said its local subsidiary can now offer custody, staking, transfer, and trading services. Institutional clients will also have access to an OTC trading desk and multiple liquidity venues.
The new authorization adds trading to the custody, transfer, and staking services already covered under the company’s MiCA license issued by BaFin earlier this year.
A recent report by Statista has highlighted that crypto revenue in Europe is projected to reach $26 billion in 2025, with Germany leading as one of the most important hubs for crypto adoption in the continent.
